Service Tax Procedure

PRESENTATION ON SERVICE TAX PROCEDURES BY: Group 14

REGISTRATION REQUIREMENTS Section 69 read with Rule 4

 Every Person who is liable to pay service tax  Application shall be filed to Superintendent of Central Excise  Application is to be in form No. ST-1  Within 30 days  Registration shall be issued within 7 days in form ST-2

Document to be Submitted with ST-1 As per Hyderabad-IV, Trade Notice No. 76/2003, dated 6-11-2003 (a) Proof of address of the premises office sought to be registered (b) PAN number of the assessee (c) List of Branches offices or premises of the assessee (d) Brief note on accounting system adopted by the assessee (e) Branch-wise series of invoices maintained along with a sample copy thereof (f) Previous years audited balance sheet along with gross trial balance of different branches (g) Details of records accounts maintained at different branches and Central Office (h) Bank account numbers of the Branches and Central Office through which the receipts are deposited, transacted.

I am confused what documents to be filed with ST-1

Reverse Charge 1. Insurance in case of service provided by insurance agent 5.SPECIFIED CONSIGNOR OR CONSIGNEE in case of service provided by goods transport agency

4.ASSET MANAGEMENT COMPANY in case service provided by a distributor to them

Persons Liable to Pay Service Tax in Certain Cases

2.INDIAN RESIDENT in case of import of service

3.BODY CORPORATE OR FIRM in case of receipt of sponsorship service

SSP Exemption Limit Rs. 800000/-

1000000

Rs. 700000/-

800000

900000

600000 600000

400000 300000

200000 0

X

400000

4/1/2006

4/1/2007

Turnover

4/1/2008

Have to pay Service tax on crossing the aggregate value of taxable service not exceeding the threshold limit of Rs. 8 Lack as per Notification No. 6/2005-ST Have to get himself registered on crossing the aggregate value of taxable service not exceeding the threshold limit of Rs. 7 Lack as per Notification No. 26/2005-ST

Aggregate value of taxable service means the sum of first consecutive payments received during a financial year towards taxable service provided or to be provided.

Payment of Service Tax through G.A.R. 7

Individual/Firm

Other than Individual/Firm

Quarterly Payment

Monthly Payment

Quarter Ending on 31st March

Other Quarters

Month of March

5th of the Month Upto 31 March Upto 31st March following Quarter st

E – Payment of Service Tax

Other Months

5th of the Next Month

E – Payment of Service Tax

Mandatory E - Payment

Optional E - Payment

Rs. 50 Lakhs or More (Cash+CENVAT)

Less than Rs. 50 Lakhs (Cash+CENVAT)

In case of Large Taxpayer Unit Check the Limit Individually for Every Registered Premises

Other than LTU

Check Cumulative Limit for Every Registered Premises

Return of Service Tax  Return of Service Tax to be filed Half Yearly – ST-3  For 1st April to 30th September • Due Date - 25th October

 For 1st October to 31st March • Due Date - 25th April

 Input Service Distributor  For 1st April to 30th September • Due Date - 30th October

 For 1st October to 31st March • Due Date - 30th April

E-filing of ST-3 return  Basic Requirement  PAN Based Service Tax Code (STC)  Mention PAN Based STC in all Challan

 Procedure  File Application to Divisional AC/DC in Annexure ‘A’ with a Trusted e-mail id & a Contact No.  AC/DC will Provide User id & Password within Ten Days of receipt of Application through e-mail  You can Change Password bus not User id  File return on www.servicetaxefiling.nic.in

 Condonation of Delay  Only for those using e-filing Facility first time  Assessee has faced technical difficulties  Delay of 1 month shall be condoned as per Circular No. 71/2004

A N N EX U R E ? A ? To The Assistant/Deputy Commissioner Service Tax Cell S U B : A P P L I C A TI O N F O R P E R M I S S I O N TO F I L E S T3 R ETU R N S E L E C TR O N I C A L L Y . 1) Name of Assessee: 2) Category of service(s): 3) Service Tax Registration No.

4) Email Address: (Please give a trusted e-mail address to which the UserName and Password for access to the E-filing of the Return can be sent) 5) I/We request that I/We may be permitted to file my ST3 Return electronically. I/We declare that I/We satisfy the conditions of Trade Notice No 6/2003 dated 01-04-2003 and shall observe the instructions given therein. I/We undertake to indicate my/our 15 digit STP code in every challan used by me/us for remitting Service Tax in Banks. If any difficulty is faced in filing the return electronically and get the acknowledgement from the computer within one month from the due date, I/we shall file manual returns as was done hitherto. Date: Place:

Name and signature of the Assessee Designation with Seal

Thank You